Eagle Materials (NYSE:EXP) PT Raised to $295.00

Eagle Materials (NYSE:EXP) had its target price hoisted by analysts at Stephens from $250.00 to $295.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Stephens’ price target suggests a potential upside of 16.17% from the company’s previous close.

Several other research firms also recently issued reports on EXP. Truist Financial upped their price target on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Raymond James upped their price target on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upped their price target on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Citigroup upped their price target on Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus price target of $263.50.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $253.93 on Wednesday. The business’s 50-day moving average price is $255.52 and its two-hundred day moving average price is $213.95. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. Eagle Materials has a one year low of $143.44 and a one year high of $272.72. The company has a market capitalization of $8.75 billion, a P/E ratio of 17.92 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. The firm had revenue of $558.83 million for the quarter, compared to the consensus estimate of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. Analysts anticipate that Eagle Materials will post 14.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Matt Newby sold 2,940 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tony Thompson sold 638 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total value of $149,974.66. Following the completion of the transaction, the senior vice president now directly owns 14,393 shares of the company’s stock, valued at $3,383,362.51. The disclosure for this sale can be found here. Insiders sold a total of 10,090 shares of company stock valued at $2,401,577 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

A number of hedge funds have recently modified their holdings of EXP. CWM LLC raised its holdings in shares of Eagle Materials by 102.0% in the 3rd quarter. CWM LLC now owns 1,685 shares of the construction company’s stock worth $281,000 after buying an additional 851 shares in the last quarter. Private Trust Co. NA grew its position in Eagle Materials by 277.4% during the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock worth $33,000 after acquiring an additional 147 shares during the last quarter. Simplicity Solutions LLC grew its position in Eagle Materials by 18.2% during the 3rd quarter. Simplicity Solutions LLC now owns 3,656 shares of the construction company’s stock worth $609,000 after acquiring an additional 564 shares during the last quarter. Sheets Smith Wealth Management bought a new stake in Eagle Materials during the 3rd quarter worth approximately $379,000. Finally, Callahan Advisors LLC grew its position in Eagle Materials by 13.8% during the 3rd quarter. Callahan Advisors LLC now owns 37,534 shares of the construction company’s stock worth $6,250,000 after acquiring an additional 4,541 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures.